DeFi Coin Price Prediction: DEFC/USD Keeps Ranging; Price Ready for the Upside
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DeFi Coin Price Prediction – October 9
The DeFi Coin price prediction reveals that if bulls begin to increase their momentum, the price would cross above the moving averages.
DEFC/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.11, $0.12, $0.13
Support levels: $0.05, $0.04, $0.03
At the time of writing, DEFC/USD is moving sideways below the 9-day and 21-day moving averages. However, the bullish momentum will make the coin move toward the $0.08 resistance level. Meanwhile, if the bulls fail to drive the price above the moving averages, the DeFi Coin price could head to the south.
DeFi Coin Price Prediction: DEFC/USD Would Head to the Upside
The DeFi Coin price is changing hands at $0.072 where it will begin to face the upside. The coin can cross above the 9-day and 21-day moving averages so that it will locate the potential resistance levels at $0.11, $0.12, and $0.13 above the upper boundary of the channel. Nevertheless, the support levels remain at $0.05, $0.04, and $0.03 for the new entries to come into the market as the technical indicator Relative Strength Index (14) remains above the 40-level.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
The DeFi Coin price is still below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) remains below the 40-level. This is to prepare the buyers for the upward movement and it will be the best time for more buyers to buy the dip. However, any bullish movement above the moving averages could hit the resistance level at $0.085 and above.
Nevertheless, DEFC/USD could display some bearish signals as the market price is likely to head toward the lower boundary of the channel, which could cause the coin to hit critical support at $0.065 and below.
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